Re: Re: “Massive auto industry investments in Spain”


@Chopera wrote:

@shakeel wrote:

There is over capacity in the motor industry. So who will buy them ????

I think the car manufacturers are generally getting rid of capacity, but it also seems they’ve chosen Spain for whatever capacity they’re keeping on: for every job created in Spain, 2 are lost somewhere else.

Yes I think that’s part of it. It’s also the case that the car companies try to antiipate changes in the market, so they may well been expecting an upturn generally. Although it probably still depends on the American recovery gaining traction.